Revolut just announced Lightning integration via Lightspark for UK and European users. 35 million people will soon use Lightning. The Bitcoin media is celebrating. I think we should slow down.
Here's what Revolut is actually doing:
- NOT giving you a Lightning node
- NOT giving you channel keys
- NOT giving you any sovereignty
It's custodial Lightning. Revolut holds the keys, manages the channels, can freeze your funds, and reports every payment to regulators. It's a bank account with Lightning rails.
The real comparison nobody publishes:
Revolut Lightning vs Self-Custodial LND:
- Key custody: Revolut vs YOU
- KYC: mandatory vs none
- Fund freezing: anytime vs impossible
- Privacy: zero vs strong (Tor)
- Routing fees: Revolut keeps vs you keep
- Sovereignty: none vs complete
There are things the Revolut integration does validate: Lightning works at scale, network liquidity grows, Lightning Addresses get normalized. That matters. But 35 million surveilled custodial users is not what Lightning was designed for.
Full article:https://davidebtc186.substack.com/p/revolut-lightning-good-news-or-a
Donaet; [[email protected]](mailto:[email protected])
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